Back to much more mundane matters and it seems that there are quite a few orders fairly close to the market in the major pairings
- USD/JPY: sell orders 92.30/40, again 92.50/60 with stops above 65/70, more sellers 92.90. Buy orders on the day 91.90 and 91.80.
- AUD/USD: buyers .9110/20 and again .9075/85 but no word as yet of big stops rumoured below .9100 (if they are from hedge funds then they will come in flow form rather than fixed orders and levels).
- Cable: Intraday stops now above 1.6350 might come into focus in early Asia and more stops seen just above 1.6400 overnight high but also lots of reportedly heavy sell orders 1.6410/40. Bids on the session 1.6280/90.
- EUR/USD: still mainly hearing talk of bids- reportedly decent sized 1.4815/25 but some light stops reported below 1.4800. More bids towards 1.4700. Selling seems to be hitting the market in flow form which as mentioned above is how most of the big hedge funds operate.
